nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

$9 billion ’emergency war” money to go to nuclear industry

Because independent investors won’t fund them, the reactor industry has spent some $645 million in the last decade lobbying Congress and the White House for taxpayer money.

(USA) Can “Emergency” New Nuke Loans Be Stopped Despite Cover of War?, THE HUFFINGTON POST, Harvey Wasserman, 2 July 2010, Amidst a grassroots uproar over funding for the military, the nuclear power industry has again forced $9 billion in loan guarantees onto an “emergency” war appropriations bill for Afghanistan and Iraq. Citizen opposition helped delay a similar vote scheduled last month. Now green energy advocates are again asked to call Congress immediately.The move comes as part of a larger push for federal funding for a “new generation” of reactors.

Because independent investors won’t fund them, the reactor industry has spent some $645 million in the last decade lobbying Congress and the White House for taxpayer money.

This $9 billion is for two new reactors proposed for the South Texas site, on the Gulf of Mexico, and another at Calvert Cliffs, Maryland.

Continued operations of the two reactors now at South Texas are threatened by oil gushing from BP’s Deepwater Horizon. Calvert Cliffs is just 40 miles from the nation’s capital.

French and Japanese companies are among the leading candidates to profit from the loans. “Nearly all the major parts that would go into new reactors will be built overseas,” says the Nuclear Information & Resource Service.

Last month the Southern Company officially accepted $8.33 billion in federal loan guarantees to build two new reactors at the Vogtle site in Georgia. Georgia regulators are allowing ratepayers to be charged for construction as it proceeds.

In Florida, despite vehement protests, commissioners who voted against a massive rate hike to build new reactors were removed from the Public Service Commission by a utility-controlled legislative panel………….
Committee members are listed on the website below  below. They can be reached via (202)224-3121. Call them NOW!

Harvey Wasserman: Can “Emergency” New Nuke Loans Be Stopped Despite Co

July 2, 2010 - Posted by | politics, USA | , , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: